In today’s briefing:
- Aspirasi Hidup Indonesia (ACES IJ) – Rising Inventories for Good Reason
Aspirasi Hidup Indonesia (ACES IJ) – Rising Inventories for Good Reason
- Aspirasi Hidup Indonesia booked a solid set of 3Q2024 results with an upgrade to SSSG projects for FY2024 with the numbers and guidance for 20 new stores this year.
- The company continued to expand stores more aggressively outside Java in 3Q2024 and into October and intends to increase store openings further in 2025 along with its rebranding exercise.
- ACES will see inventories rise in 4Q2024 as it stocks up early for rebranding and upcoming festive periods. Valuations remain attractive with improving growth and productivity driven by regional expansion.
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